Finpago and WageWorks have announced the FSAok AnyCard that automatically selects prescription and over-the-counter medication purchases at participating merchants and submits them for reimbursement when paid for with a card registered to participate in the program.   » Continue Reading

Priyanka Joshi writes from New Delhi for the Business Standard about PayMate's new mobile payment service. Joshi quotes PayMate's founder and managing director Ajay Adieseshann who says he "wants 100 million mobile subscribers, but is aware that critical mass must first be acquired. We are willing to wait - and remain committed to our goal of being the Visa/Electron of the mobile payment world."

Fiserv has announced that a growing number of U.S. financial institutions have discovered significant increases in one-day funds availability along with lowering labor costs by deploying its Virtual Item Exchange (VIE).   » Continue Reading

The Department of Justice has announced that the President’s Identity Theft Task Force has adopted interim recommendations on measures that can be implemented immediately to help address the problem of identity theft. The Identity Theft Task Force, which was established by Executive Order of the President on May 10, 2006, and is now comprised of 17 federal agencies and departments, will deliver a final strategic plan to the President in November.   » Continue Reading

Cyphermint has teamed up with a hometown pizza place - Chris' Pizza of Marlborough, Massachusetts - to conduct what it believes to be the first mobile payment featuring a home delivered pizza purchased with the mobile payment method "P2Pizza".   » Continue Reading

Rich Brooks of flyte new media blogs for MaineToday.com about PayPal, its good, not so good, and "ugly" attributes. Brooks concludes that "for many people the flexibility and simplicity PayPal offers is too good not to consider. Although it may not be right for everyone, it's an inexpensive, effective tool for many."

VASCO Data Security International has announced that Garanti Bank in Turkey will use VASCO's Digipass for Java Phone strong authentication with its retail customers. Garanti Bank already uses VASCO's hardware Digipass 260 for corporate banking. Garanti's retail customers will have the choice between the software Digipass for Java Phone or the Digipass 260.   » Continue Reading

Yodlee has announced the Yodlee BillPay Account Accelerator, a new service that "removes the hassles of canceling an existing bill pay service and setting up payments all over again with a new bill pay provider." Yodlee also says that the service "frees the 40+ million online bill payers to choose the service that’s best for them, and enables financial providers with differentiated bill pay services to capture a greater share of the fast growing bill pay market."   » Continue Reading

David Carey reports for EE Times on how a "near-field communication device turns a Nokia cell phone into a practical tool in commercial and industrial settings for tracking assets, transmitting small data files or even auto-launching various phone-based tasks or requests" - and that "NFC technology has the ability to support what may be the most compelling application of all: a wallet in your handset."

• ID Analytics and VeriSign Bring Real-Time Identity Proofing Capabilities to VeriSign Identity Protection Customers
• Equity Commerce Partners with CrossCheck, Inc. for Check Guarantee, Check Conversion Services
• BankServ Introduces Low-Cost SB1000 Scanner for Remote Deposit of Checks
• Commerce Bank Offers Free Branded Tissues to Consumers
• InComm Agrees to Acquire DataWave for $0.62 Per Share
• Privaris Selects AuthenTec Slide Fingerprint Sensors for New plusID Handheld Biometric Security Device
• Digital Insight and Goldleaf Announce Exclusive Reseller Agreement
• Digital Resolve Speeds Deployment of Risk-Based Authentication and Provides Real-Time Protection for Customer Log Ins

We have received news of the following recent management changes:

• Akshay Sharma has been named assistant vice president, marketing, PR and brand development at PayMate India.
• Bruce Shirey has been named Chief Operating Officer of Way Systems. Also at Way Systems, John Mannix has been named Senior Director and Chief Information Officer and Bret Baumann has been named Director of Distribution Channels.